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Company Registration No. 11984983 (England and Wales)
Artists & Objects Ltd Unaudited accounts for the year ended 31 May 2023
Artists & Objects Ltd Unaudited accounts Contents
Page
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Artists & Objects Ltd Company Information for the year ended 31 May 2023
Director
Adam Watts
Company Number
11984983 (England and Wales)
Registered Office
102 Freehold Street Lower Heyford Bicester OX25 5NT ENGLAND
Accountants
TaxConnect Accountants Ltd 63 St. Mary Axe London EC3A 8AA
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Artists & Objects Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,070 
19 
Current assets
Inventories
21,589 
16,811 
Debtors
674 
1,513 
Cash at bank and in hand
- 
554 
22,263 
18,878 
Creditors: amounts falling due within one year
(97,990)
(86,398)
Net current liabilities
(75,727)
(67,520)
Total assets less current liabilities
(74,657)
(67,501)
Creditors: amounts falling due after more than one year
(12,461)
(13,500)
Net liabilities
(87,118)
(81,001)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(87,218)
(81,101)
Shareholders' funds
(87,118)
(81,001)
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 February 2024 and were signed on its behalf by
Adam Watts Director Company Registration No. 11984983
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Artists & Objects Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Artists & Objects Ltd is a private company, limited by shares, registered in England and Wales, registration number 11984983. The registered office is 102 Freehold Street, Lower Heyford, Bicester, OX25 5NT, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight Line
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 June 2022
78 
Additions
1,428 
At 31 May 2023
1,506 
Depreciation
At 1 June 2022
59 
Charge for the year
377 
At 31 May 2023
436 
Net book value
At 31 May 2023
1,070 
At 31 May 2022
19 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
529 
1,368 
Accrued income and prepayments
145 
145 
674 
1,513 
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Artists & Objects Ltd Notes to the Accounts for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
92 
- 
Trade creditors
691 
408 
Loans from directors
97,207 
85,990 
97,990 
86,398 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
12,461 
13,500 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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